SHARPE INCOME … No Time Like the Present … Medtronic (MDT)

Posted on May 22 2015 - 12:27pm by Sharpe Trade

The original Sharpe Income post can be found here.

The Sharpe Income category be found by clicking on that red ‘Sharpe Income’ tag next to this post title, or by clicking here.

We continue the discussion from the last entry.


Bit by bit, I have been discussing the equity, or stock instruments that I use for Income.  So far you know about International Business Machines (IBM), American Express (AXP), Colgate (CL), Union Pacific (UNP), and Microsoft (MSFT).

There are two others.

One of which, as you can tell from the title of the article, I’ll let you know is Medtronic (MDT).  I own this for myself, in my own personal income accounts, and I have for some time.  I’m up 32.22% on the position itself, but I haven’t had it that long, so my yield on cost (or income I have received, versus what I paid out) at the moment is only 1.933%.  So at the moment, I’m flexible on the position.  I have plenty of breathing room, I can continue to collect my dividends, and evaluate the company.

For those of you who have followed Medtronic (MDT) … yes, I was highly displeased with the way the tax inversion went down at the beginning of 2015.  I was not as displeased that there was a tax inversion, as much as I detested the way the board created a loophole for themselves so that they were not affected as the rest of us were.

Regardless, yes, this is one of the pieces of my “income” portfolio.  So you can see now I am diversified between technology (heavy there with both IBM and MSFT, but they are both pretty steady), transports (UNP), a financial in the form of a credit card company (AXP), consumer non-cyclical (CL) and now, a health-care company (MDT). No, I do not plan on buying more MDT at this time.  The reason I bring it up, is that on June 2, 2015, they are releasing earnings.  So you can expect to see an entry here around that time with my brief notes and thoughts of Medtronic’s (MDT) earnings, as I did with Union Pacific (UNP) and Microsoft (MSFT) recently.

As a matter of fact, my ‘Conference Call’ schedule looks a little something like this …

Medtronic (MDT) – June 2, 2015

International Business Machines – July 20, 2015

American Express (AXP) – July 27, 2015

Colgate (CL) – July 30, 2015

Union Pacific (UNP) – July 22, 2015

Microsoft (MSFT) – July 21, 2015

It is an excellent idea, to mark your conference call’s on your calendar ahead of time.  It’s not ‘buy and hold and forget‘.  It’s ‘buy, hold and review‘ …

We continue the Sharpe Income project with this next entry

 

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